Toronto Dominion Bank Purchases 1,735 Shares of Toast, Inc. (NYSE:TOST)

Toronto Dominion Bank boosted its holdings in Toast, Inc. (NYSE:TOST) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,201 shares of the company’s stock after acquiring an additional 1,735 shares during the quarter. Toronto Dominion Bank’s holdings in Toast were worth $881,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new position in Toast during the 1st quarter worth approximately $27,000. West Branch Capital LLC acquired a new position in Toast in the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast during the second quarter worth about $33,000. 1620 Investment Advisors Inc. bought a new stake in Toast in the 2nd quarter valued at approximately $34,000. Finally, Harbor Investment Advisory LLC bought a new position in Toast in the first quarter valued at $37,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 2,573 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $25.64, for a total value of $65,971.72. Following the completion of the transaction, the general counsel now owns 170,531 shares of the company’s stock, valued at approximately $4,372,414.84. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Toast news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now owns 2,638,023 shares in the company, valued at $62,178,202.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian R. Elworthy sold 2,573 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $25.64, for a total transaction of $65,971.72. Following the sale, the general counsel now owns 170,531 shares of the company’s stock, valued at $4,372,414.84. The disclosure for this sale can be found here. Insiders sold a total of 775,476 shares of company stock valued at $19,635,486 in the last three months. Company insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TOST. The Goldman Sachs Group reissued a “buy” rating and set a $29.00 price target on shares of Toast in a research report on Thursday, September 12th. Royal Bank of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of Toast in a research report on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. Finally, Bank of America boosted their price target on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.33.

Toast Stock Up 1.1 %

NYSE TOST opened at $28.31 on Tuesday. The company has a market cap of $13.05 billion, a PE ratio of -56.62 and a beta of 1.75. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $29.92. The firm’s 50-day simple moving average is $25.17 and its two-hundred day simple moving average is $24.68.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) earnings per share. As a group, equities research analysts anticipate that Toast, Inc. will post -0.1 EPS for the current year.

Toast Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.